The Strategy
In an average lottery, the odds of winning are about 1 in 14 million if you buy one ticket. If you were to buy 2 tickets, then the odds shift to 1 in 7 million. So if you were to buy 100 tickets...
Now I got to thinking. How do I buy more lottery tickets without spending more money? Magic? Well, that didn't work so I came to the conclusion that if I were to set up a lottery budget, I would be able to save a lot of money and not actually spend any more. A lottery budget is based on how much you spend on the lottery every week.
Now that I have a lottery budget, I need to decide when to play. Being that I was a statistics major in college, I used an expected value equation to decide when would be the best time to play. This time varies with every state lottery, but for me it was around 13 million dollars. To find out when the best time for you to play, just click on the Geographical Regions link.
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Current Lottery Payouts Worth Taking Note
Biggest Lottery Jackpot: Right now the biggest lottery in the world is the Powerball at 140 Million. So if you want to throw your money away on a sure lose, this is the one to play. Then again you don't find much bigger lottery payouts than this.
Best Lottery Game to Play: Holding strong as the best game for Americans to play is the Washington Lotto. The lottery payout is at 5.5 Million at the moment, the best time to play this game is after the jackpot reaches 6.7 million so you should start playing now.
Lottery Resources
